Future Outlook And Stock Price Performance For Volcon Inc (NASDAQ: VLCN)

In today’s recent session, 0.55 million shares of the Volcon Inc (NASDAQ:VLCN) have been traded, and its beta is -0.97. Most recently the company’s share price was $1.14, and it changed around -$0.03 or -2.14% from the last close, which brings the market valuation of the company to $5.34M. VLCN at last check was trading at a discount to its 52-week high of $11475.00, offering almost -1006478.95% off that amount. The share price’s 52-week low was $1.15, which indicates that the recent value has fallen by an impressive -0.88% since then. We note from Volcon Inc’s average daily trading volume that its 10-day average is 0.26 million shares, with the 3-month average coming to 1.93 million.

Volcon Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VLCN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Volcon Inc is expected to report earnings per share of 0 for the current quarter.

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Volcon Inc (NASDAQ:VLCN) trade information

Instantly VLCN has been showing red trend so far today with a performance of -2.14% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.3899 on recent trading dayincreased the stock’s daily price by 17.98%. The company’s shares are currently down -99.74% year-to-date, but still down -11.92% over the last five days. On the other hand, Volcon Inc (NASDAQ:VLCN) is -34.57% down in the 30-day period. We can see from the shorts that 0.29 million shares have been sold at a short interest cover period of 0.65 day(s).

Volcon Inc (VLCN) estimates and forecasts

The year-over-year growth rate is expected to be -28.30%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.08M in revenue for the current quarter. The company’s sales for the same quarters a year ago were 752k and 1.17M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 44.10%.

VLCN Dividends

Volcon Inc’s next quarterly earnings report is expected to be released on 2023-Oct-31.

Volcon Inc (NASDAQ:VLCN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.49% of Volcon Inc shares, and 3.34% of them are in the hands of institutional investors. The stock currently has a share float of 3.46%.

Fidelity Extended Market Index Fund and Fidelity NASDAQ Composite Index Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 1.57 shares worth $1805.0, making up 0.03% of all outstanding shares. On the other hand, Fidelity NASDAQ Composite Index Fund held roughly 14.0 shares worth around $16.0, which represents about 0.00% of the total shares outstanding.